2 Answers

Hi, mostly like the initial $5,000 will have to be forfeited, and others will depend on the situation.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me .


If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More
In such a situation, where the buyers have decided to call off the marriage and go their separate ways after exercising the Option to Purchase (OTP) and entering into a legal binding agreement for the resale transaction of an HDB flat, several factors will come into play regarding compensation or damages:

1. **Forfeiture of Option Fee**: Typically, when exercising the OTP, buyers pay a non-refundable option fee to the sellers. If the buyers decide to terminate the agreement, they may forfeit this option fee unless there are exceptional circumstances or specific clauses in the agreement stating otherwise.

2. **Financial Losses**: Depending on the stage of the transaction and any expenses incurred by the sellers or their agents in preparing for the completion of the sale (e.g., legal fees, administrative costs, etc.), the buyers may be liable to compensate the sellers for any financial losses incurred due to the termination of the agreement.

3. **Negotiation**: The specific terms of the agreement and any applicable laws or regulations will determine the extent of compensation or damages that the buyers may be required to bear. In some cases, the parties may negotiate a mutually acceptable resolution to minimize financial losses for both parties.

4. **Legal Advice**: It's advisable for both the buyers and sellers to seek legal advice from qualified professionals, such as real estate lawyers or solicitors, to understand their rights and obligations under the agreement and explore potential options for resolution.

Ultimately, the amount of compensation or damages that the buyers may have to bear will depend on various factors, including the terms of the agreement, any applicable laws or regulations, and the circumstances surrounding the termination of the transaction.

"If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at: ABLE Toh>>9856 9255 or through this link.:https://wa.me/6598569255.

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份) :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (+65)>>9856 9255>> or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT :)

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”